RBI's gold buying is not to replace dollar for international settlements: Sitharaman in Lok Sabha
New Delhi [India], February 10 (ANI): Finance Minister Nirmala Sitharaman on Monday clarified in the Lok Sabha that India's rising gold reserves, including those held by the Reserve Bank of India (RBI), is not intended to replace any international currency.
She responded to Congress MP Manish Tiwari's concerns about whether the global shift towards gold signaled a move away from the US dollar as a dominant settle